Coas Files Lawsuit for Share Issuance Regarding Acquisition of Management Control of Novelti Nobility
Coas entered into a 50 billion won investment agreement on Aug 22, 2025 to acquire management control of Novelti Nobility (1st: common stock 15 bn, 2nd: CB 15 bn, 3rd: common stock 20 bn).
On Sep 8, 2025, Novelti Nobility unilaterally terminated the contract.
On May 14, 2026, Coas filed a lawsuit at Seoul Central District Court for share issuance (case no. 2026Gahap6097).
Claim: Defendant shall receive 15,000,000,305 won from plaintiff and simultaneously issue 2,441,009 common shares (face value 500 won) and complete shareholder registry.
Future management acquisition depends on lawsuit outcome.
KOSPI Filing Information
Filing: [Correction of Description] Report on Major Management Matters Related to Investment Decision